Excelerate signs 11-year Bahamas LNG deal

EXCELERATE Energy has secured an 11-year liquefied natural gas (LNG) supply agreement for a planned energy hub in The Bahamas, with initial deliveries expected to begin from its Jamaican operations in the first quarter of 2027.

The agreement with AxDo Bahamas Limited, announced on Thursday, November 5, provides for the supply of up to 16 trillion British thermal units (TBtu) of LNG annually and represents a significant step in Excelerate’s strategy to use Jamaica as a distribution base for the wider Caribbean.

AxDo, a joint venture between international energy trading company Axpo and Bahamas-based energy and maritime logistics firm Domicisle LNG, will become an anchor customer of Excelerate’s proposed offshore LNG storage and distribution terminal near Grand Bahama.